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Posted: Mon Dec 19, 2011 5:57 pm
by Alys78
Hi
Can someone explain the 10/50/50 thing that people keep referring to with bonuses as.....
I DON'T UNDERSTAND[:D]
Posted: Mon Dec 19, 2011 5:59 pm
by kallis3
Right - it means that the first 10% of any income over and above your normal pay is yours (this is overtime and bonuses) After that then the remaining money is split 50/50 between you and the IP.
Posted: Mon Dec 19, 2011 6:01 pm
by Alys78
Right, thats more than I thought I would get YAY!! i thought O only got 10% so I am now happy!!
THANKS x
Posted: Mon Dec 19, 2011 6:46 pm
by Foggy
Hi Alys. Do check your proposal though, as some don't get the 10% disregard and split it staight 50 /50, which is still more than you thought you would get
Posted: Mon Dec 19, 2011 6:56 pm
by sponge
mine was a 50/50/50 ie the first £50 was untouched however this was off-set by first £50 increase in expenditure so if you like just 50/50!
Posted: Mon Dec 19, 2011 7:01 pm
by kallis3
You do need to check your proposal/chairmans report Alys just to make sure that it applies to you. Some people do just have a straight 50/50.
Posted: Mon Dec 19, 2011 7:10 pm
by sponge
105050 Knowing - Nicolas Cage